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@Abaddon: Much of the theory & math behind attacking a 113 bit Koblitz curve it can be found in the whitepaper contextrax already linked (and others; there's quite a lot of research on it actually). But I certainly second your suggestion about the implementation optimalisation & distributed coordination details.
Would love to see this project turn into an open source framework for future alike distributed projects, but I do realize that it would take some serious effort by contextrax (and hopefully others) to get there (plugin architecture, accounting, redundancy, result verification distribution algorithms, etc) ...
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